FM Sitharaman Urges Startups To Build Globally

Finance Minister Nirmala Sitharaman on Saturday addressed the Special Plenary Session of the YiFi Entrepreneurship Summit 2026 in Madurai, Tamil Nadu, where she stated that India has transformed into a preferred destination for innovation and enterprise.

She urged young entrepreneurs to seize emerging opportunities and build globally competitive businesses from the country, citing India's stable policy environment, regulatory certainty, and world-class infrastructure as attractive features for startups and businesses.

According to FM Sitharaman, the Narendra Modi government's reforms have redefined the role of the government from being a controller of enterprise to becoming an enabler of enterprise. She emphasized that through formalisation, digitisation, regulatory reforms, GST, and investments in infrastructure and connectivity, the government has created an ecosystem where businesses can start, grow, and compete with confidence.

The Finance Minister also highlighted the importance of embracing technology and innovation, stating that India has moved beyond the mindset of self-doubt and is now contributing to some of the world's most advanced scientific and technological programmes. She called upon the next generation of entrepreneurs to think ambitiously and build boldly, responsibly, and for the benefit of future generations.

FM Sitharaman noted that the most significant boundaries in today's world are no longer geographical, as technology has made global markets accessible from almost anywhere, and capital increasingly flows across borders. She encouraged businesses to make full use of the opportunities emerging across sunrise sectors and to leverage technology and innovation.

The Finance Minister's speech emphasized the government's commitment to supporting entrepreneurship and innovation in India, and her message was clear: India is now a hub for innovation and enterprise, and it is up to the next generation of entrepreneurs to seize the opportunities and build globally competitive businesses.

The YiFi Entrepreneurship Summit 2026 is a significant event that brings together entrepreneurs, policymakers, and industry leaders to discuss the opportunities and challenges facing the startup ecosystem in India. FM Sitharaman's address at the summit highlighted the government's vision for promoting entrepreneurship and innovation in the country.

In recent years, the Indian government has implemented several initiatives to support startups and entrepreneurs, including the Startup India programme, which aims to promote entrepreneurship and innovation in the country. The government has also launched several funding schemes and tax incentives to support startups and small businesses.

Overall, FM Sitharaman's speech at the YiFi Entrepreneurship Summit 2026 emphasized the importance of innovation and entrepreneurship in driving economic growth and development in India. Her message was clear: India is now a hub for innovation and enterprise, and it is up to the next generation of entrepreneurs to seize the opportunities and build globally competitive businesses.

The implications of FM Sitharaman's speech are significant, as it highlights the government's commitment to supporting entrepreneurship and innovation in India. It also emphasizes the importance of embracing technology and innovation, and the need for businesses to think ambitiously and build boldly, responsibly, and for the benefit of future generations.

In conclusion, FM Sitharaman's address at the YiFi Entrepreneurship Summit 2026 was a significant event that highlighted the government's vision for promoting entrepreneurship and innovation in India. Her message was clear, and it is up to the next generation of entrepreneurs to seize the opportunities and build globally competitive businesses.